UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 19,282 Shares of Popular, Inc. (NASDAQ:BPOP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Popular, Inc. (NASDAQ:BPOP - Free Report) by 9.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 215,936 shares of the bank's stock after buying an additional 19,282 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.30% of Popular worth $20,311,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in BPOP. Proficio Capital Partners LLC bought a new position in shares of Popular in the fourth quarter valued at $27,000. Picton Mahoney Asset Management lifted its position in shares of Popular by 56.7% during the fourth quarter. Picton Mahoney Asset Management now owns 326 shares of the bank's stock valued at $31,000 after purchasing an additional 118 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Popular by 56.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 603 shares of the bank's stock valued at $57,000 after purchasing an additional 218 shares in the last quarter. R Squared Ltd bought a new position in shares of Popular during the fourth quarter valued at about $166,000. Finally, Yousif Capital Management LLC bought a new position in shares of Popular during the fourth quarter valued at about $202,000. 87.27% of the stock is owned by institutional investors.

Insider Activity at Popular

In other news, VP Adorno Denissa Rodriguez sold 500 shares of the firm's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $104.43, for a total transaction of $52,215.00. Following the sale, the vice president now owns 3,604 shares of the company's stock, valued at $376,365.72. This trade represents a 12.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.09% of the stock is currently owned by insiders.

Popular Stock Performance

NASDAQ:BPOP traded up $0.05 during midday trading on Friday, reaching $103.80. 545,698 shares of the stock traded hands, compared to its average volume of 511,751. The company has a fifty day moving average of $94.60 and a 200 day moving average of $96.36. Popular, Inc. has a 12 month low of $78.23 and a 12 month high of $106.81. The stock has a market capitalization of $7.11 billion, a P/E ratio of 12.13, a PEG ratio of 0.75 and a beta of 0.60.

Popular (NASDAQ:BPOP - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The bank reported $2.56 EPS for the quarter, beating analysts' consensus estimates of $2.26 by $0.30. Popular had a net margin of 14.15% and a return on equity of 11.89%. The company had revenue of $755.46 million during the quarter, compared to analyst estimates of $760.45 million. During the same period in the prior year, the business posted $1.43 EPS. The firm's revenue was up 6.0% compared to the same quarter last year. On average, analysts predict that Popular, Inc. will post 10.06 EPS for the current fiscal year.

Popular Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Thursday, May 29th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.70%. The ex-dividend date is Thursday, May 29th. Popular's dividend payout ratio (DPR) is 28.90%.

Analyst Ratings Changes

BPOP has been the topic of several research reports. Barclays reaffirmed an "overweight" rating and issued a $125.00 price objective (up previously from $115.00) on shares of Popular in a research report on Thursday, April 24th. Keefe, Bruyette & Woods lifted their price objective on shares of Popular from $122.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Hovde Group lowered their price objective on shares of Popular from $118.00 to $114.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company raised shares of Popular from an "equal weight" rating to an "overweight" rating and lowered their price objective for the stock from $110.00 to $100.00 in a research report on Wednesday, April 9th. Finally, Wall Street Zen lowered shares of Popular from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Popular currently has an average rating of "Moderate Buy" and a consensus target price of $114.43.

Popular Profile

Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico, the United States, and the British Virgin Islands. The company provides savings, NOW, money market, and other interest-bearing demand accounts; non-interest bearing demand deposits; and certificates of deposit.